NFT Market Shows Strong Recovery, with a Weekly Trading Volume of $302.2 Million, Up 32.93% WoW

BlockBeats News, December 22, according to Crypto.news, the recent NFT market has seen a significant rebound. This week's total NFT trading volume reached $302.2 million, a 32.93% increase compared to last week's $224 million. The number of NFT buyers has increased by 92.39% to reach 349,972 people, and the number of NFT sellers has increased significantly by 77.18% to reach 207,672 people.

The Ethereum network NFT transaction volume soared to $199.9 million, a 73.56% increase in the past seven days. The Bitcoin network ranks second in NFTs, with a transaction volume of $39.7 million, a 23% decrease, but with good user participation as the number of buyers reaches 38,987. The Solana network has consolidated its third position with a transaction volume of $29.9 million, a 5.14% increase, with a total of 104,958 buyers, a 108.45% increase.

The trading volume of Pudgy Penguins almost doubled, reaching $53.9 million, a 90% increase. LilPudgys ranks second with a transaction volume of $19.4 million, a growth rate of 53.57%. Azuki ranks third with a transaction volume of $16.9 million, a growth rate of 108.19%. Doodles entered the top five with a $13.4 million transaction volume, a growth rate of 226.08%, while BRC-20 NFTs ranked in the top five with a transaction volume of $9.2 million.

Key transactions to watch this week include:

Pudgy Penguins #4611 sold for $493,925 (125 ETH);

CryptoPunks #6036 sold for $444,019 (110 ETH);

Pudgy Penguins #7891 sold for $395,140 (100 ETH);

Azuki #6872 sold for $380,659 (108 ETH);

Azuki #6536 sold for $372,866 (95.4774 ETH).